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HYRASIA ONE

Project Description:

HYRASIA ONE is a large-scale green hydrogen production initiative spearheaded by Svevind Energy Group, a German-Swedish company. The project aims to harness renewable energy sources, primarily wind and solar, to produce green hydrogen through water electrolysis. The produced hydrogen is intended for both domestic use and export, contributing to global decarbonization efforts.

Current Status:

As of 2024, the project is in the development phase. Feasibility studies and environmental assessments are underway, with plans to commence construction following final investment decisions.

Start Date: 2026

End Date: 2030

Investment Volume (in mln USD):

Approximately 40–50 billion

Location:

Mangystau Region, Kazakhstan

Involved Companies:

1. HYRASIA ONE GmbH

2. Svevind Energy Group

3. Kazakhstan Investment Development Fund (KIDF)

  • Role: Investor relations and support for project development

  • Address 55/15 Mangilik El, Block C2.3, 1st floor, Astana city, Kazakhstan 010017

  • Phone: +77172588888

  • Email: info@kidf.kz

  • Web: https://kidf.kz/

4. H2Global Foundation (Germany)

  • Role: Support for export models of green hydrogen, possible offtake agreements

  • Address: Trostbrücke 1, 20457 Hamburg, Germany

  • Web: https://www.h2-global.org/

Key People and Contact Details:

1. Svevind Energy Group

2. Kazakhstan Investment Development Fund (KIDF)

  • Name: Bauyrzhan Khamzin

  • Position: Director, Direct Investments

  • LinkedIn

3. H2Global Foundation

Other Important Details:

  • The project will utilize approximately 20 GW of wind and 30 GW of solar energy.

  • The primary export product will be green ammonia.

  • Kazakhstan views this project as a flagship initiative in its hydrogen strategy.

  • HYRASIA ONE is part of the Global Hydrogen Initiative (H2Global).

Sources:


Photo Sources: kapital.kz



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